Banking

The Lebanese banking system has several characteristics that have contributed to the sector's resilience. The banking secrecy law of September 3, 1956, was an important milestone in the financial development of Lebanon. The law subjected all banks established in Lebanon, as well as foreign banks’ branches located in Lebanon, to keep all bank data secret but for a few exceptions. Moarbes LLP has advised national and international banks on a variety of issues, including banking secrecy and anti-money laundering laws, financing, commercial transactions, corporate, commercial, and civil laws. We have also represented banks in litigations and disputes relating to debt collection, bankruptcy, and breach of contract by customers.